Stock Update: Sell CPLA, STRA

Sunday, November 14th, 2010 11:56 pm

My timing couldn’t be any more imperfect. I bought Capella and Strayer on 21st september 2010 [see 17 stocks I am buying on 21st Sep 2010] and few weeks later, the whole for-profit-education industry gets in trouble. Obviously, I couldn’t have foreseen this and i went back to see if there was anything wrong with the numbers. Nope. The stock performance looks immaculate for both of them and there is nothing i can tell just by looking at the financials.

Selling both CPLA and STRA by taking a loss of approximately $190 on Tuesday the 19th Nov. 2010.